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In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the store adjust its labor costs?
Brad can fix the same kind of meal in 2hours, and his opportunity cost of one hour is $20. Will both Angelina and Brad be better off if Brad fixes meals for her and she pays him $45 per meal? Explain
Suppose that a Bank wishes to realize a real interest rate of 3 percent given on a loan. It expects that inflation over the course of the year will be 4 percent. Then, what nominal interest rate should the bank change this customer on his loan?
Explain how RSA can help in creating digital signatures. How does a digital signature work in an e-mail system? Can a digital signature in an e-mail avoid packet sniffing? What is the basic difference between symmetric and public-key cryptography?
Despite the abundance of oil in United Arab Emirates our economy still remains at low levels, what are the reasons for this trend in the economy be sure to mention some examples in your explanations.
Elucidate how cost-push inflation might prompt policymakers to take actions that subsequently cause demand-pull inflation.
Explain the nation will move toward an international monetary system or fixed exchange rates in the future.
Professors Kubik and Black make up the entire demand side of the market for summer research assistants in the economics department. If Kubik's demand curve is QK = 25 - (1/2)P and Black's is QB = 100 - P. What is the market demand curve for resear..
A discriminating monopolist faces the demand schedule Pmkt=225-Q and MC=125
During the 1990s, Apple Computer saw its global share of the personal computer market fall from above 10 percent to less than 5 percent. Despite a keenly loyal customer base, Apple found it more and more difficult to compete in a market dominated ..
What is the the act of buyers and sellers freely and willingly engaging in non-fraudulent market transactions. Both parties should benefit from the exchange.
Potatoes cost Janice $1.10 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14
What do economists mean when they say that the price system (free markets) promotes economic efficiency When are free market arrangements "inefficient" from an economic point of view Why is income inequality "efficient" from an economic point of v..
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